"Debt forgiveness" means that a lender decides to cancel or release a borrower's obligation to repay their debt. It means the borrower no longer has to pay back the money they owe. Full definition
If you meet the criteria necessary, you may be able to qualify for debt forgiveness from the government. (secureloanconsolidation.com)
There are other student loan debt forgiveness programs at the state or federal government level. (debtfirms.com)
A longstanding principle of tax law treats any type of debt forgiveness as a financial benefit, even if it comes at the expense of your home. (turbotax.intuit.com)